Comparing Medicare Parts A, B, C, and D

Health care assistance has been a debatable issue in United States since past many years. Many people, particularly seniors, find that the coverage provided by insurance is often insufficient to pay their medical bills.

At times people have to decide between good health and finances. It is a tough decision to make and there is no middle road available. The federal government developed the Medicare program to help eligible people to overcome their medical bills.

Before you consider taking up a Medicare plan weigh what each plan offers, and what are the benefits and limitations in each plan. Knowing about each plan is essential so that you pick the one which is just right for you. Here is a brief comparison between different plans from Medicare.

America’s largest Medicare health insurance service provider has more than 40 million people enrolled in it. There are certain eligibility criteria which is common to all the plans from Medicare. The person needs to be a citizen of United States. People who do not have United States citizenship should get in touch with Social Security Office to find if they are eligible or not.

Comparison Between Medicare Parts A, B, C and D:

Medicare Part A:
It is the original Medicare plan. People have the option to add Part B and D to it. A person is automatically enrolled in original Medicare plan unless in case he or she chooses to sign up for Medicare Advantage plan.

This part does not cover custodial or long term cover. The claims for this Medicare plan are handled by Fiscal intermediaries. The amount covered under the coverage is based on the type of plan a person has. The premium for the plan is self deducted from the taxes that are paid by the patient.

Medicare Part B:
This Medicare insurance covers up medically necessary services and related supplies. This plan basically covers up for the medical services left out by Part A. The preventive services like hearing and balance exams, occupational therapy, prosthetic devices, transplant services etc are also covered under this plan.

The insured person pays for his or her premium, in certain circumstances qualified people receive help from state to pay for his or her monthly premium. Premium can also be paid quarterly or by means of electronic payment option.

Medicare Part C:
The advantage plan is provided by private Medicare companies. The Medicare advantage includes PPO, HMO, private fee-for-service plans, and special needs plan. This plan provides the best of Part A and B.

This low cost plan is an alternative to original Medicare plan, where providers cover prescription drugs and some extra benefits. The patient must get treatment from doctors and hospitals registered in this plan to be eligible for coverage.

Medicare Part D:
This coverage is provided by private companies that have approval from Medicare. A person is required to sign up during the first enrollment period to avoid penalty cost. This plan allows for greater access to drugs that are medically necessary.

The premium is paid directly to private companies and not to the government. This plan came into effect in the year 2006 and was the last coverage plan added to Medicare.